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Fund manager changes continue at Invesco Trimark Ltd .

Invesco has reached out to Burgundy Asset Management Ltd. to hire two managers to co-manage Trimark International Companies Fund when Judith Adams retires by year end.

Jeff Feng, formerly vice-president of EAFE equities at Toronto-based Burgundy and a finance graduate of Xiamen University in China, will become lead manager of the fund.

He will be joined by Michael Hatcher, a former Burgundy vice-president focusing on European equities, and Darren McKiernan, another former Burgundy manager recently hired to run Trimark Global Dividend Class.

"Michael brings strong European expertise, while Jeff brings extensive Asia-Pacific experience," Graham Anderson, chief investment officer at Invesco Trimark, said Wednesday in a statement.

Ms. Adams, who is in her mid-50s, was one of the original managers with Trimark Financial Corp. when it was acquired in 2000 by Invesco Ltd., formerly Amvescap PLC and parent of Invesco Trimark. She was hired in 1999 from Sceptre Investment Counsel Ltd.

The $200-million Trimark International Companies Fund, which invests in stocks outside Canada and the United States, has posted an average annual loss of 2.9 per cent for the five years ending August 31. That compares with a gain of 2.5 per cent for the MSCI EAFE Index in Canadian dollars.

Last month, Dana Love took over the $2.6-billion Trimark Select Growth Fund from Bruce Harrop who has left the company. Mr. Love, who runs the flagship Trimark Fund, is now managing both global equity portfolios similarly.

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